NRIs get top-level posts in World Bank group

WASHINGTON, JAN. 22. Two non-resident Indians have been promoted as vice-presidents in the World Bank group in recognition of their contribution to the organisation, an announcement by the global financial body said.

Ms. Farida Khambata, currently director, treasury operations, with the International Finance Corporation (IFC), has been promoted as vice-president, portfolio management, while Dr. Vinod Thomas, director of the World Bank Institute, has been upgraded as vice-president.

Ms. Khambata joined the World Bank group as a young professional in 1975 and was promoted to various departments, the bank said. She became director of IFC's capital markets department in 1997. As director of treasury operations, she has served as treasurer of the corporation with responsibility for borrowings and liquid assets management.

Mr. Thomas has played a key role in various capacities in the development process, including the framing of the World Development Report, the bank said.

It said in recognition of his personal contribution to the institute, which plays a key role in the bank's overall mission, he was being promoted as vice-president of the institute.

- PTI

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